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Mortgage and Lending - The Federal Savings Bank/Lending in 50 states - NMLS # 109616

ARCHIVED BLOG POSTS

2018 

 Consumers spent broadly across most retail sectors in April after a sluggish start in the beginning of the year. The Commerce Department reported that Retail Sales rose 0.3% from March to April, which was concentrated on sales at furniture stores, clothing stores and gasoline stations. March’s r...
05/16/2018
Mortgage backed securities (MBS) closed down 19 basis points today at 100.94 having remained below resistance offered by the 10 day moving average and closed 64 points below it.  The 30 year was available at 4.75% day.  Look out for higher rates tomorrow.  The 30 year jumbo was at 4.50%.  My jumb...
05/16/2018
Consumers spent broadly across most retail sectors in April after a sluggish start in the beginning of the year. The Commerce Department reported that Retail Sales rose 0.3% from March to April, which was concentrated on sales at furniture stores, clothing stores and gasoline stations. March’s re...
05/15/2018
Mortgage backed securities (MBS) closed down 34 basis points today at 101.12 having remained below resistance offered by the 10 day moving average and closed 52 points below it.  The 30 year was available at 4.625% day.  Look out for higher rates tomorrow.  The 30 year jumbo was at 4.375%.  My ju...
05/15/2018
This morning, the Federal Reserve Bank's Loretta Mester (voter, hawk) says the Fed could raise rates more rapidly if the U.S. economy grows faster than expected, though it could go slower if inflation weakens. Ms. Mester went on to say that she doesn't see inflation picking up sharply this year. ...
05/14/2018
Mortgage backed securities (MBS) closed down 19 basis pointstoday at 101.47 having remained below resistance offered by the 10 day moving average and closed 23 points below it.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.375%.  My jumbo pricing is now sizzling!  Whether ...
05/14/2018
Tech giant and popular iPhone maker Apple is in the works to introduce a credit card with the help from powerhouse investment banking firm Goldman Sachs. The card will be branded with Apple Pay, the technology giant’s mobile payment and digital wallet platform. The partnership is two-fold with Ap...
05/11/2018
Mortgage backed securities (MBS) closed flat today at 101.75 having fallen through support offered by the 10 day moving average and closed 9 points below it.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.375%.  My jumbo pricing is now sizzling!  Whether in New England, the...
05/11/2018
Consumer prices cooled a bit in April after spiking early in the year, helping to ease rising inflation fears. The numbers revealed an uptick in energy and food prices which was offset by a decline in demand for used cars and trucks. The Bureau of Labor Statistics reports that the headline Consum...
05/10/2018
Mortgage backed securities (MBS) closed up 19 basis points today at 101.75 having once again broken through resistance offered bythe 10 day moving average and closed 1 point above it.  The 30 year was available at 4.625% day.  The 30 year jumbo was at 4.375%.  My jumbo pricing is now sizzling!  W...
05/10/2018
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Jeff Jensen

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